UKForex: Difference between revisions
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{{Use dmy dates|date=January 2012}} |
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#redirect [[OzForex]] |
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{{Use British English|date=January 2012}} |
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{{Infobox company |
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| company_name = UKForex |
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| company_logo = [[File:UkForex-logo.PNG|220px|UKForex]] |
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| company_type = [[Private company|Private]] |
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| foundation = 2005, [[London]], [[UK]] |
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| location = [[London]], [[UK]] |
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| key_people = Michael Ward - CEO Northern Hemisphere <br /> Chris Humphrey – General Manager <br /> Alex Edwards - Head of Corporate Desk <br /> Jordan Tilley - Head of Business Alliance |
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| industry = [[Financial Services]] <br /> [[Foreign Exchange Market|Foreign Exchange]] |
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| homepage = [http://www.ukforex.co.uk www.ukforex.co.uk] |
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| Employees = 170 |
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}} |
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'''UKForex''' is an online international money transfer provider based in Moorgate, [[London]] and is part of the [[OzForex]] group. |
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The company services migrants transferring financial assets, individuals investing overseas and expatriates repatriating funds as well as small and medium-sized businesses that [[import]] and [[export]] goods. |
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The company provides historical charts, information on how to manage exchange rate exposure and real-time exchange rates for dozens of currencies. |
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==Company history== |
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[[OzForex]] was launched as a foreign exchange information only site in [[Sydney]], [[Australia]] in '''1998'''. In '''April 2001''', the online dealing facility was launched.<ref>OzForex Website. [http://www.ozforex.com.au/about-ozforex-foreign-exchange-services.asp View page]</ref> |
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'''August 2005''', UKForex was launched from its original office in Blackfriars, London. The opening of the London office saw the launch of the groups’ 24 hour global trading platform, allowing access to live [[exchange rates]] and online money transfers 24 hours a day. |
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In '''June 2007''' Macquarie purchased 51% of OzForex, new [[CEO]] Neil Helm joins from Macquarie.<ref>Ooi, Teresa. "Mac Financial grabs control of OzForex". The Australian, 19 June 2007. [http://www.theaustralian.com.au/business/mac-financial-grabs-control-of-ozforex/story-e6frg8zx-1111113776372 View article]</ref><ref>Swift, Brendan. "OzForex takes on world with MacBank". The Australian Financial Review, 19 June 2007. [http://www.afr.com/p/business/financial_services/item_BJb8LpJVUaLRnExOrd7PlK?hl View article]</ref><ref>Hextall, Bruce. "Australia’s Macquarie Bank unit acquires 51 pct of OzForex". AFX News Limited on Forbes.com, 17 June 2007. [http://www.forbes.com/feeds/afx/2007/06/17/afx3828980.html View article]</ref> |
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In '''July 2007''', [[CanadianForex]] was launched in [[Toronto]], [[Canada]] to focus on North American markets and to help facilitate the groups’ 24 hour system. |
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'''September 2008''', UKForex moves to its current location in Moorgate, London as both turnover and the number of employees grow. |
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In '''2009''' the group completes over 200,000 funds transfers per year with a turnover of close to US$5 billion. |
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In '''November 2010''', the group receives minority growth investment from [[Accel Partners]] and The [[Carlyle Group]]. Representatives from both Accel Partners and Carlyle serve on the OzForex Board of Directors. The company's founders and Macquarie Private Wealth, which is part of [[Macquarie Group]], are together retaining significant ownership of OzForex, and Neil Helm continues as CEO.<ref>Curran, Enda. "Carlyle, Accel Buy Stakes in OzForex". The Wallstreet Journal, 23 November 2010 [http://online.wsj.com/article/SB10001424052748704369304575631912855876370.html View article]</ref> |
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In '''2011''', UKForex is approved as Authorised Payment Institution by the Financial Conduct Authority (FRN: 521566). The OzForex Group opens offices in Hong Kong and Auckland. |
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In '''2012''', the group open offices in San Francisco and launched [[USForex]] to keep on growing its North American operations. Mike Ward joins as CEO of Northern Hemisphere. |
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Today the OzForex group services over 180,000 customers across 6 continents with 460,000 fund transfers last year, US$9 billion in foreign exchange transactions last year and over 2 million website visits each month. |
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==Group Awards== |
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'''2005''' – [[Business Review Weekly]], BRW Fast 100 Awards <ref>Roberts, Craig. "Ozforex places 6th in the BRW Fast 100". BRW, October 13019, 2005. [http://www.brw.com.au/ View BRW website] [http://www.ozforex.com.au/media/pdf/ozforex-places-6th-fastest-growing-company-in-Australia.pdf View article (pdf)]</ref> |
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'''2005''' – [[Deloitte]] Technology Fast 50 Awards<ref>Bickerstaff, Julia. "2005 Deloitte Technology Fast 50 – Technology leaders sustaining innovation and growth". 2005. [http://www.deloitte.com.au/media/docs/2005_Deloitte_Tech_Fast_50_report.pdf View article (pdf)]</ref> |
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'''2006''' - Finalist Invest UK Trade and Investment International Business Awards<ref>Liddell, Helen; Cahn, Andrew. "UK Trade & Investment International Business Awards 2006". 2006. [http://www.uktradeinvest.com.au/uploadedFiles/2006-Awards-booklet-2to5.pdf View intro (.pdf)][http://www.uktradeinvest.com.au/uploadedFiles/2006-Awards-booklet-NewInvestor.pdf View article (pdf)]</ref> |
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'''2008''' - OzForex founder Matt Gilmour wins [[Ernst & Young]] Entrepreneur of the Year, in the Technology and Emerging Industries category<ref>Ernst & Young. "2008 National Finalists Eastern Region". 2008. [http://eoy.ey.com.au/www/595/1001127/displayarticle/1081344.html View article]</ref> |
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'''2009''' – [[Deloitte Fast 500]] Technology Asia Pacific Awards and Deloitte Technology Fast 50 Awards<ref>Barker, Jolyon; Asaeda, Yoshitaka. "Deloitte Technology Fast 500 Asia Pacific 2009 Ranking and CEO Survey". 2009. [http://www.deloitte.com/assets/Dcom-Global/Local%20Assets/Documents/TMT/FAST500AP/Winners/DeloitteTF500AP2009WinnersReportFINAL.pdf View ranking (pdf)]</ref> |
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'''2010''' – [[Deloitte]] Technology Fast 50 Awards<ref>Deloitte Website. 2010. [http://www.deloitte.com/view/en_AU/au/news-research/media-releases/61e8923631d5c210VgnVCM2000001b56f00aRCRD.htm View website]</ref> |
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==UK Regulation== |
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UKForex Limited is a wholly owned subsidiary of [[OzForex]], which is subjected to risk and compliance audits on an annual basis. |
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In the [[United Kingdom]] under the [[Money Laundering]] Regulations 2003, commercial foreign exchange companies are treated as "[[Money Service Business]]es" which are covered by regulations administered by [[HM Revenue & Customs]]. |
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UKForex Limited holds a certificate of registration for Money Laundering Regulation (MLR). Registration number: 12219180.<ref>HMRC Website [https://customs.hmrc.gov.uk/msbregister/search.do?type=search View page]</ref> |
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==References== |
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<references/> |
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==External links== |
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* [http://www.ozforex.com.au www.ozforex.com.au] |
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* [http://www.macquarie.com.au www.macquarie.com.au] |
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* [http://www.hmrc.gov.uk www.hmrc.gov.uk] |
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* [http://www.twitter.com/ukforex www.twitter.com/ukforex] |
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{{DEFAULTSORT:Ukforex}} |
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[[Category:Foreign exchange companies]] |
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Revision as of 14:52, 13 March 2014
| UKForex | |
| Company type | Private |
|---|---|
| Industry | Financial Services Foreign Exchange |
| Founded | 2005, London, UK |
| Headquarters | London, UK |
Key people | Michael Ward - CEO Northern Hemisphere Chris Humphrey – General Manager Alex Edwards - Head of Corporate Desk Jordan Tilley - Head of Business Alliance |
| Website | www.ukforex.co.uk |
UKForex is an online international money transfer provider based in Moorgate, London and is part of the OzForex group.
The company services migrants transferring financial assets, individuals investing overseas and expatriates repatriating funds as well as small and medium-sized businesses that import and export goods.
The company provides historical charts, information on how to manage exchange rate exposure and real-time exchange rates for dozens of currencies.
Company history
OzForex was launched as a foreign exchange information only site in Sydney, Australia in 1998. In April 2001, the online dealing facility was launched.[1]
August 2005, UKForex was launched from its original office in Blackfriars, London. The opening of the London office saw the launch of the groups’ 24 hour global trading platform, allowing access to live exchange rates and online money transfers 24 hours a day.
In June 2007 Macquarie purchased 51% of OzForex, new CEO Neil Helm joins from Macquarie.[2][3][4]
In July 2007, CanadianForex was launched in Toronto, Canada to focus on North American markets and to help facilitate the groups’ 24 hour system.
September 2008, UKForex moves to its current location in Moorgate, London as both turnover and the number of employees grow.
In 2009 the group completes over 200,000 funds transfers per year with a turnover of close to US$5 billion.
In November 2010, the group receives minority growth investment from Accel Partners and The Carlyle Group. Representatives from both Accel Partners and Carlyle serve on the OzForex Board of Directors. The company's founders and Macquarie Private Wealth, which is part of Macquarie Group, are together retaining significant ownership of OzForex, and Neil Helm continues as CEO.[5]
In 2011, UKForex is approved as Authorised Payment Institution by the Financial Conduct Authority (FRN: 521566). The OzForex Group opens offices in Hong Kong and Auckland.
In 2012, the group open offices in San Francisco and launched USForex to keep on growing its North American operations. Mike Ward joins as CEO of Northern Hemisphere.
Today the OzForex group services over 180,000 customers across 6 continents with 460,000 fund transfers last year, US$9 billion in foreign exchange transactions last year and over 2 million website visits each month.
Group Awards
2005 – Business Review Weekly, BRW Fast 100 Awards [6]
2005 – Deloitte Technology Fast 50 Awards[7]
2006 - Finalist Invest UK Trade and Investment International Business Awards[8]
2008 - OzForex founder Matt Gilmour wins Ernst & Young Entrepreneur of the Year, in the Technology and Emerging Industries category[9]
2009 – Deloitte Fast 500 Technology Asia Pacific Awards and Deloitte Technology Fast 50 Awards[10]
2010 – Deloitte Technology Fast 50 Awards[11]
UK Regulation
UKForex Limited is a wholly owned subsidiary of OzForex, which is subjected to risk and compliance audits on an annual basis. In the United Kingdom under the Money Laundering Regulations 2003, commercial foreign exchange companies are treated as "Money Service Businesses" which are covered by regulations administered by HM Revenue & Customs.
UKForex Limited holds a certificate of registration for Money Laundering Regulation (MLR). Registration number: 12219180.[12]
References
- ^ OzForex Website. View page
- ^ Ooi, Teresa. "Mac Financial grabs control of OzForex". The Australian, 19 June 2007. View article
- ^ Swift, Brendan. "OzForex takes on world with MacBank". The Australian Financial Review, 19 June 2007. View article
- ^ Hextall, Bruce. "Australia’s Macquarie Bank unit acquires 51 pct of OzForex". AFX News Limited on Forbes.com, 17 June 2007. View article
- ^ Curran, Enda. "Carlyle, Accel Buy Stakes in OzForex". The Wallstreet Journal, 23 November 2010 View article
- ^ Roberts, Craig. "Ozforex places 6th in the BRW Fast 100". BRW, October 13019, 2005. View BRW website View article (pdf)
- ^ Bickerstaff, Julia. "2005 Deloitte Technology Fast 50 – Technology leaders sustaining innovation and growth". 2005. View article (pdf)
- ^ Liddell, Helen; Cahn, Andrew. "UK Trade & Investment International Business Awards 2006". 2006. View intro (.pdf)View article (pdf)
- ^ Ernst & Young. "2008 National Finalists Eastern Region". 2008. View article
- ^ Barker, Jolyon; Asaeda, Yoshitaka. "Deloitte Technology Fast 500 Asia Pacific 2009 Ranking and CEO Survey". 2009. View ranking (pdf)
- ^ Deloitte Website. 2010. View website
- ^ HMRC Website View page